Brazilian asset manager Hashdex has filed with the US Securities and Exchange Commission (SEC) to offer an Ethereum exchange-traded fund (ETF) comprising futures and spot Ether contracts. 

Known as the Hasdex Nasdaq Ethereum ETF, the application for this investment fund was submitted by the Nasdaq stock exchange and, upon approval, will be managed by Toroso Investments, a New York-based investment advisory firm. 

Hashdex Extends Unique Approach To Spot Ethereum  ETF Application

On August 25, Hashdex submitted its Bitcoin spot ETF application to the SEC. This move received wide applause from various analysts because the asset manager employed a unique approach.

To explain, Hashdex proposes offering a Bitcoin ETF with a mixture of spot and futures contracts. In …